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United States : Global Net Lease, Inc. Appoints Christopher J. Masterson as Chief Financial Officer.

Global Net Lease, Inc. (GNL) announced today that its Board of Directors (the Board) has unanimously approved the appointment of Christopher J. Masterson as GNLs chief financial officer, secretary and treasurer, effective on or about November 15, 2017.

Mr. Masterson joined AR Global Investments LLC (AR Global) in February 2013, and has held several senior accounting positions, most recently as GNLs chief accounting officer. His previous positions also included chief accounting officer for both American Finance Trust, Inc. and American Realty Capital Retail Centers of America, Inc. Prior to his work with AR Global, Mr. Masterson held accounting positions for several years with Goldman Sachs & Co. and KPMG LLP. Mr. Masterson is a certified public accountant in New York State, and he graduated from the University of Notre Dame with a B.B.A. in accounting and received an M.B.A. from New York University.

Mr. Masterson has been promoted from the chief accounting officer to chief financial officer of GNL. In his new role, Mr. Masterson will focus exclusively on GNL, and he will not play any role with any other entity sponsored or advised by affiliates of the Companys advisor. Mr. Masterson will replace the current chief financial officer, Nicholas Radesca. Mr. Radesca notified the Board on October 6, 2017 that he intends to retire from his role with GNL as a public company executive to pursue other interests. Mr. Radesca did not resign pursuant to any disagreement with GNL or its advisor. In addition, Mr. Radesca is expected to enter into an agreement with the Companys advisor to provide certain consulting services to the Companys advisor through June 30, 2018.

James L. Nelson, GNLs chief executive officer and president, stated, Nick has contributed meaningfully to GNLs accomplishments, and we wish him well in his retirement. I am pleased that Nick will continue as a consultant to enhance Chris knowledge of GNLs business and enable a seamless transition process. I look forward to continuing to work with Chris in his new role as CFO, and I am confident that Chris extensive relevant experience and strong financial acumen will continue to be of tremendous benefit to GNL.

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Publication:Mena Report
Date:Oct 11, 2017
Words:372
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